Tuesday 10/14 ... Some initial reactions to Uncle Ben and King Henry

so far so good...

6.0's are up 5 ticks at 100-10.

Hank, Ben, and Bair have an air of calm and confidence not recently seen.

Markets like it and continue to react exactly as expected.

Fie on those who said we could not eke out price gains in the presence of booming stocks. We hesitate (not much mind you) to say "we told you so."

It's a beautiful thing for daily events to occur "as expected" for the first time in what seems like a long time. Don't touch that dial...